Oh those kids; they’re always up to some mischief. He’s comparing March to February. Think about that. EVERY March shows an increase of sales relative to the February preceding it.
What he didn’t say was that the volume this March was down by about 20% compared to March of 2006, and that’s saying something. The overall volume of sales in San Diego for 2006 (at 29,000+) was the lowest since 1997 (at 27,200). In other words, 2007 is shaping up to be even worse than 2006. If this keeps up we’re going to pass 1997 and approach on the lows of 1996 (22,800).
The median price is misleading too, because many of the sellers are including all sorts of incentives that get counted in with those sales prices. If those incentives were taken out of those sale prices it would show a very definite decline.